Deutsche Oppenheim Family Office board members exit

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Markus Küppers , one of four board members at the German family office Deutsche Oppenheim has resigned today while a second board member, Andreas Pichler, has been recalled in a motion of no confidence by the board of supervisors, German media report.

The reshuffle follows a controversial annual general meeting, with the majority of shareholders objecting to the leadership.

As a result, the Deutsche Oppenheim board of supervisors called an emergency meeting which led to the departure of the two executives, as the German Private Banking Magazine reports. Deutsche Oppenheim Family Office did not comment on the decision.

The majority of Deutsche Oppenheim is owned by DB Capital markets, which in turn is a subsidiary of Deutsche Bank Group.

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